How Powerful is Social Media?

The recent Festival of Media, in Valencia (on the 18th – 20th April 2010), had an interesting poll for the audience, asked by someone online. The question was :

How many times more powerful than traditional marketing channels do you consider Social Media to be?

The result? 37% of the audience considered Social Media to be more than 4 times more powerful than traditional marketing channels:
The Vote - Results

Now just to set some context here, the Festival of Media, in Valencia is billed as a “global festival of media creativity“, and “brings together the international media and marketing industry to celebrate the best in media thinking and creative communications strategy and to explore the media developments that are transforming the industry“.

In 2009, “45% of delegates were directly responsible for advertising budgets and strategy“.

Just glancing through the Delegate List, you can see that the advertising and traditional media channels are all heavily represented, and at fairly senior levels.

This result isn’t from a bunch of Social Media Evangelists, all getting together to have a Social Media Love in, but really from people currently dominating the current Media Landscapes, and really in touch with where things are at, from both an operational, and a direct line of accountability perspective.

Now admittedly, I wasn’t at the festival, I don’t know how many people were in the room at the time that poll occurred, and if you watch the full video below, you can see that Jack Klues, Managing Partner, at VivaKi has just finished up his talk, on Coca Cola, before they move into the poll led by Patience Wheatcroft. However, if we work on the assumption that most of the delegates in the audience were present, and that this session was a part of the main conference, then

I think it’s safe to assume that Social Media is considered to be significantly more powerful than traditional media, by the larger majority of delegates.

So how many times more powerful do you think Social Media is compared to traditional media? (and yes I appreciate there will be some bias, given the audience and general thinking of my community at large, but still, I’d be interested to know what the general opinion out there is)..

Social Media Week Launch Party

Yesterday was the first day of Social Media Week, and it seems like things in London are off to a great start… Many events are already sold out, filled to capacity, and with waiting lists, which is always a good thing – clearly there’s a significant amount of interest in London when it comes to Social Media, and by the make up of attendees, it isn’t all just one big echo chamber of the same people talking about the same thing with each other, fortunately.

Unfortunately, I missed out on the lunchtime session on Social Graph Optimization, hosted at the IAB, sponsored by Meebo. Fortunately, Benjamin Ellis did a great writeup of the event, you can read it here.

Speaking to a few friends at the Social Media Week Launch event last night though, it seems people weren’t too impressed with the conversations around the Social Graph, and so I guess I didn’t miss out too much. Apparently it was more geared towards a corporate style audience. (If anyone happens to have any video of the talk though, I would love to see it. ;)

The other two events, I was particularly interested in yesterday were the Social Media Monday meetup, and the launch party for Social Media Week.

Social Media Monday is a meetup, organised by Barry Furby, the man behind Fresh Resources, a recruitment company, that works heavily in the Social Media Space. It started out from a LinkedIn Group, and then a Meetup Group was formed for Social Media Monday, with events starting shortly after. It’s grown into quite a strong, solid community of very diverse players in the Social Media space, and there seems to be some great presentations and speakers at these events, which makes for a good mix of learning, and socialising. I stopped in briefly at Social Media Monday, just as Todd Chaffee was setting up, and getting his laptop ready for the presentation later that evening.. (But as Barry had his HD Recorder, and was going to record the whole talk, I figured I wouldn’t miss too much, by not watching the presentation live, and promptly changed my RSVP for the meetup to a No, hoping it would make a bit of extra room for someone on the waiting list.)

As I tweeted out At Social Media Monday for a bit, then heading across to Social Media Week Launch event at Adam St. from Social Media Monday, I thought nothing of it. Later, I found out, that because of it, @champney who was at the Social Media Monday event, saw my tweet cascade down the Twitter Wall, and realised that the familiar faces he was expecting to see were probably also already at the other event. Like him I too had RSVP’d for both events, but ended up spending more time at the Social Media Launch event.

I love that about twitter. Sometimes you can never predict, or anticipate what might be useful to who, or when.. but just by being yourself, you naturally end up helping folk out. It’s that unpredictable, undefinable nature of Social Media, which can mean a single short message, somewhere can create a new context or help someone in a way that you could never imagine or think of when broadcasting.

Anyways, the feedback via twitter, is all really positive and praising of Social Media Monday, and Todd’s presentation, so I’m really looking forward to seeing the video from it ;)

As for the Social Media Launch Party, at Adam Street, it was also a great success. The room was packed to the hilt, at one point in the evening, and the noise from so many people talking, in a relatively small room meant there was a real buzz about the night. There were many familiar faces, and also many new faces, which is always good.

Of the many great conversations I had last night one that really stood out was about the change in blogging behaviour since the arrival of Twitter. Steve Lamb aka @actionlamb was talking about how a few years back, he would blog daily, and since using twitter, his level of blogging has dropped dramatically. This seems to have been a pattern that I noticed both myself, and also have seen with others. Even the great Robert Scoble admitted to a drop in his blogging as he spent more time on Twitter and FriendFeed, back in 2008. Since then, he’s clearly made the conscious choice to return to blogging. He did go change that around, and has since picked up his blog, though to be fair, the amount of content, and sharing that Robert Scoble does, generally dwarfs the efforts of most regular people.

But it did get us talking about what we get out of tweeting. I suggested that perhaps the amount of time that might have been spent in creating and sharing a single blog post, is now spread out across an entire day, in the many tweets being shared, and responded to. Though, the more I think about it, I’d probably say more time gets eaten up tweeting, than would have been the case if just blogging, as before, at least for me. I’d be curious to see if anyone else has noticed a change in their blogging behaviour since they’ve taken up twitter.. In theory being able to share through Twitter means you get to connect with more people, and also means it takes less effort, as a tweet is barely a minute’s worth of attention whilst a solid researched blog post of any decent quality can usually cost from an hour to as much as two or three hours of time. I’d be interested in hearing other people’s take on how their tweeting has changed their blogging behaviour if at all?

All in all, there were drinks, food, and even some food for thought.. a great night which definitely ended far later than I was intending to.

My night ended with me talking to Misae Richwoods on our train home, about Social Media and Spiral Dynamics, and using the different modalities and some basic premises of NLP (Neuro Linguistic Programming), to use dramatically different language to create discernably different results.. but I’ll be talking a whole lot more about that this year, so I shan’t bore with too much of that just yet ;)

Social Media Week Kicks Off!

So this week, is the beginning of Social Media Week, which is happening simultaneously in Toronto, Sao Paulo, San Francisco, New York, Berlin and London.

The aim of Social Media Week is to “advance the use and understanding of social media in the corporate, public and non-profit sectors”, and before I say too much about it, I just want to add that I am slightly biased, as I’m part of the London Advisory Board, so naturally, I’m going to tell you all about it! (Though to be fair, the principles and idea behind it are so in line behind the ethos of Social Media, I’d be supporting and advocating it, even if I wasn’t on the advisory board ;))

The week is going to be filled with a series of great talks, sessions, discussions, and a general conversation about social media wherever you turn, and in turn I’ll be joining in, and contributing when and where I can, through tweeting, blogging, and possibly even live streaming, (facilities/battery depending). Though just in case you’re all worried I’m about to go and saturate my personal twitter stream with tweets galore, rest assured I’ll be doing all that I can to use my @conffar and @londontech accounts more than my personal one.

You can find the full schedule of events at http://smw-london.sched.org/ and if you’re interested in seeing what events I’ve put myself down for so far, find my schedule for the week here.

For more upto the minute updates during the week, follow @smwldn on Twitter, and be sure to talk to someone about Social Media this week. That is when you can stop being so busy creating content ;)

Tweeting from Conferences

I’m often at a conference, and usually when there’s a wireless or network connection of some sort, and I have my laptop available, I’ll start to tweet ferociously, in an attempt to provide a ‘tweet by tweet’ update of the proceedings of an event, or the content of a talk.

It’s not as detailed, or as comprehensive as if the person were there listening to everything, and it definitely isn’t a substitute to a live stream, such as UStream.tv, from an event.  However, I’ve managed to have found a happy medium where I am able to successfully capture much of what’s being discussed by the speaker, and also share it fast enough, to give a real detailed flavour of the proceedings, whilst at the same time, not losing track of the conversation, whilst on Twitter.

Primarily, I use TweetChat, as my interface of choice, primarily because it updates so rapidly.. However in the moments that it fails, I’ll soon dive into a different client, or use a notepad, and make notes instead.. Relying on my abillity to capture a conversation in short snippets in a text editor, and then feeding those out into twitter, as and when the desktop or web based clients respond accordingly.

I’m going to see if I can create a financially sustainable way of conference tweeting.  Not least by raising sponsorship for my background, to highlight my current set of sponsors, during the conference I’m at.. But also, to see if demand for such a service might exist at all?  It’s entirely novel, and completely different to the traditional ways in which conferences are covered.  However at the same time, it’s just a matter of time before more and more people desire to have the ‘channel’ into the conference, without having to necessarily hear every word that was spoken.

If you are organising your own conference, and would like some advice, or have me come and live tweet from your event for you, I can be reached at farhan [at] consciouscomms [dot] co [dot] uk.

Equally if you see me tweeting at a conference, and you’d be interested to know about sponsorship opportunities for particular upcoming events, again, drop me an email.

Right now, the Twitter ecosystem is providing ample opportunities for innovators, and early adopters to shape new behaviours in the world, using these tools.. Only time will tell if our ideas and uses of these tools were truly brilliant, or sheer folly!  You can follow my Conference Tweeting Account @ConfFar